Shesa's MAY 2022 Investment Blog
MAY 2022 - INVESTMENT BLOG
By Shesa Nayak
Welcome to my blog!
U.S. Stock Market Commentary
There is no end to the bloodbath on the Wall Street. S&P 500 is down 13.3% year to date, the 3rd worst starts to a year in the history of the stock market - worst start since World War II, dating back to 1939. NASDAQ is the worst hit down 21.1% since the beginning of the year and 23.9% from its all-time high. What it means is, Nasdaq is already in the bear market and technology stocks are getting hammered without much respite. The U.S and global stock markets are still struggling with enormous uncertainties. It’s difficult to find any good news, rather there is no end to the bad news. As I said in my last blog, volatility may be the name of the game this year as investors grapple with tremendous uncertainties attributed to negative GDP growth, missed earnings, inflation, Fed action, Geopolitical situation (war between Russia and Ukraine), supply chain constraints, mid-term election, and Omicron - particularly China lockdown etc. The Gross domestic product (GDP) unexpectedly declined at a -1.4% annualized pace in the first quarter, marking an abrupt reversal for an economy coming off its best performance since 1984, except the COVID hiccups in 2020. With that said, earnings miss by the big tech titans added fuel to the fire! Money is moving out of technology stock to highflying sectors like energy, commodities, consumer staples etc. The Federal Reserve is on target to hike 0.5% interest rate when FOMC meets on May 4-5. However, Wall Street is anticipating many more half point increases in forthcoming FOMC meetings to control escalated inflation.
We are in a chaotic environment. With all these doom and gloom, there are some positive stuffs, unemployment remains low, and consumers are still spending, pent-up demand, consumers with high savings and continued strong business investment. But all these good news are completely overshadowed by numerous bad news. So, what do we do as an investor, particularly retail investors like us? I will share my views, but before that let’s take a quick look at the stock market indexes.
| 2022 | | | | |||
Indexes | 1/31/2021 (Close) | Close FRI 5/1 | Change in 2022 | % Change in 2022 | All Time High | From All Time High | % From All Time High |
DOW | 36,338.30 | 32,977.21 | -3,361.09 | -9.25 | 36,952.65 | -3,975.44 | -10.76% |
S&P 500 | 4,766.18 | 4,131.93 | -634.25 | -13.31 | 4,818.62 | -686.69 | -14.25% |
NASDAQ | 15,644.97 | 12,334.64 | -3,310.33 | -21.16 | 16,212.23 | -3,877.59 | -23.92% |
BTK | 5,518.45 | 4,631.80 | -886.65 | -16.07 | 6,376.77 | -1,744.97 | -27.36% |
NBI | 4,728.94 | 3,760.64 | -968.30 | -20.48 | 5,517.77 | -1,757.13 | -31.84% |
S&P 500 Earnings
Earnings Growth: For Q1 2022, the earnings growth rate for the S&P 500 is 7.1%. If this number remain consistent for QA then it will be the lowest earnings growth rate reported by the index since Q4 2020 which was 3.8%.
Valuation: The forward 12-month P/E ratio for the S&P 500 is 18.1 (last blog it was: 19.1) which is below the 5-year average of 18.6 and above the 10-year average of 16.9.
Source: Factset.com
Economy News
Interest Rate: 0.5%, expect another 0.5% rate hike on May 5.
GDP: U.S economy contracted -1.4% in the first quarter. Economists were expecting 2% growth
U.S Coronavirus Cases: 81.2 million, Death: 992,000
COVID Vaccination: 219.5 million or 66.6% of the U.S population are fully vaccinated
Retail Sales: March retail sales was up 0.7%, April numbers are awaited
Unemployment rate: 3.6% in March 2022, lowest since Feb 2020
US Total GDP/Economy: $20.936 trillion
Inflation rate: 8.5% in March highest since December 1981
Consumer Confidence: 65.2 in April better than 59.4 in March
Business Confidence: 57.1% vs. 58.6% last blog
U.S Crude Oil: $105.10 a barrel, went to as high as $130.50, 13. Years high
Nonfarm payrolls: Economy added 431,000 in March vs. market forecast of 490K
Economy Positives and Negatives
Positives
- Lowest Unemployment in 40 years @3.6%, 1.7 million jobs were added in Q1 22
- Retail sales were up 0.7% in March
- U.S market is still the king with strong dollar
- Consumer spending increased 1.1% in March: Retail Sales + Services viz. health care, education, entertainment, transportation etc.
- There is still pent-up demand for products
- Consumers are having high savings
- Continued strong business investment
Negatives
- Negative GDP growth: GDP unexpectedly declined to -1.4% in the first quarter. If there will be another quarter of negative GDP growth then U.S will be officially in recession.
- Geopolitical issues – Russia and Ukraine war has created a huge uncertainty and likely to cause global slow down
- Higher Inflation: 8.5% in March highest since December 1981
- The 30 Years Mortgage Rate rises to 5.4% highest since May 2019
- Consumers are still spending but CNBC survey indicated people have started cutting on dining out, travel, vacation and car purchasing
- Possibility of Stagflation: high inflation combined with high unemployment and stagnant demand can’t be ruled out unless inflation comes down
- Revenue/Earnings are decelerating, Q1 results do not look great, earnings are up only 7%
- Year-Over-Year comparison are extremely top for many companies, hence failing to meet analysts estimates.
- If China lockdown continues it may have a global impact as lot of countries are dependent on Chinese products
What’s happening in the Stock Market?
Since the beginning of this year, we have been seeing tremendous volatility. As I said in my opening remarks, this is the worst start since World War II, dating back to 1939 and third worst start in the history of the stock market. Hence, it’s not unusual to see more down days than up days. All these market downturn or bear market are attributed to many factors, such as negative GDP growth, missed earnings, inflation, Fed action, Geopolitical situation (war between Russia and Ukraine), supply chain constraints and China lockdown and so on. Particularly, last week correction could be attributed to negative GDP growth (-1.4%) as Wall Street was expecting positive 2% growth. Also, the earnings miss by Netflix, Google, Amazon, Roku, Boeing etc. further scared the investors to run away from technology stocks. Nasdaq is down -24% from its all-time high and it’s officially in the bear market. Many investors think that technology stocks are down and out, but I don’t think so. Tech stocks may have a bad phase but certainly they cannot go out of fashion. Why so? I will discuss that later but let me first talk about the volatility factor.
There are so many factors impacting the market as I wrote above viz. Geopolitical issue, supply chain constraints, China lockdown etc. But let me discuss a few major factors.
Inflation & Aggressive Federal Reserve
• Fear that Fed will get more aggressive to fight High Inflation, meaning that Fed will keep raising interest rate vigorously.
• I am almost 99% sure that Fed will increase 0.5% interest rate when they meet on May 4-5. Though the market may have factored in this rate hike, the question is whether they will further increase another half point in their June 14-15 meeting? Though, lots of experts are saying there will be consecutive half point interest rate hike but in my view if Gas/Oil prices, used car price comes down then inflation can subside, and Fed may decide to go for a quarter point increase. That’s just an assumption, we don’t know the reality. Let’s not forget the fact that Fed wants the market to come down to shatter investors’ confidence that should bring down demand to match with supply. Because people feel the wealth effect (feeling rich or poor). Anyway, we will see what Fed chairman Jerome Paul says on May 5. I feel that Fed does not have too much choice but to tighten the monetary policy.
• In addition, Fed has decided to reduce Balance Sheet by $95B ($60B treasury, $35B Mortgage backed security) per month, starting in May. This may reduce liquidity in the stock market, and we may see bigger spread in the bid/ask for the stock price. It may also reduce liquidity from the market.
How can Fed control the inflation by raising interest rate?
- When Fed increase interest rate, cost of the products goes up because the manufacturers have to pay high to obtain raw materials at a higher cost.
- When cost goes up, the demand tends to go down because people either defer their buying plan or look for alternative cheaper products.
- When demand becomes low, the sellers will try to reduce the price to lure the buyers. Seller will be forced to cut price and it will catch up with supply. Furthermore, when price comes down it contains the inflation.
- But here is the catch, if the cost does not come down because of continued higher demand then inflation will continue to soar, and we will encounter stagflation (higher cost, higher unemployment, slower growth). That would be the worst thing for the economy. Hence, Fed will continue to raise interest rate to bring things under control and that may result in a recession.
However, let’s not forget that Fed can only control certain things. For example, Fed can’t fix supply chain constraints - it can’t get drivers to drive the trucks, it can’t unload good from ship, it won’t be able to control Gas prices, it can’t unlock China from COVID. And all these may still propel inflation. Having said that, certainly Fed can control products associated with interest rate viz. home prices, car price, buying major appliances, expensive furniture or anything that’s related to landing money, debt etc.
The Impact of Inverted Yield Curve
A couple of weeks ago, there were major hue and cry in the market about inverted yield curve. What is an Inverted Yield Curve? The unusual drop of yields on longer-term debt below yields of short-term debt. In other words, short term rates go up more than long term rates. Let’s say 2 years treasury yield is 2.5% but 5 years yield is 2.4%. It indicates that investors expect interest rates and/or inflation to be higher in 2 years than in 5 years. Some research indicates that when the yield curve inverts, there has been 66% chance of a recession at some point in the next year and a greater than 98%chance of a recession at some point in the next two year. For the fact, Yield curve inverted 422 days ahead of the 2001 recession, 571 days ahead of the 2007-2009 recession and 163 days before the 2020 recession (COVID). The average time to get into a recession after yield curve is inverted happens to be 17 months. According to San Francisco Federal Reserve, when the yield curve remains inverted for more than a week usually recession is seen in next 6-24 months. To sum up, inverted yield curve is a predictor of inflation.
What do we do as a retail investor?
As I said earlier, we are in a chaotic environment. Stock goes up one day, then comes down for another few days. Almost every sector and every stock get hammered, barring a few. The institutions and fund managers are in no hurry to buy equities because everybody knows that stocks are not going to fly overnight due to enormous uncertainties. Also, Fed has reduced buying bonds, debts and mortgage-backed securities, so obviously liquidity is drying up from the market. Many institutions, hedge funds are selling short, and they are in no hurry to cover. That way, they can take advantage of making money as the market goes down. We the retail investors will get scared and try to find the exit gate. And that’s when these big guys start buying equities and market bounces back. It does not necessarily mean that institutions will not lose, everybody may lose to certain extent, but they have astronomical money power, technology, tie-ups and media that work in their favor. So, as a retail investor what do we do? There is no point fighting those cartels and getting disgusted because that’s how market has been for ages. It needs patience, strategies and control of emotions. There is a saying “one size does not fit all”. Hence, one has to make a call based on financial position, job situation, risk appetite, age and so on. As far as I am concerned, I remain invested. But we all have limited resources, so it’s important to understand how and when to rotate and buy/sell which equity. That depends on our own investment strategy and investing style. I have discussed my strategy many times, so do not want to repeat. But in brief, “I am apprehensive of chasing stock, rather I see the beaten down sector/stock which has the future potential of growth and invest there”. I am a growth investor and sometime take little extra risk! But that’s me, one should follow his/her own style rather than what somebody else is saying..
Are the Technology stocks out of favor?
Technology stocks are down, Nasdaq has come down -24% from its all-time high and already in a bear market. Many investors are moving their money from tech stock to other sectors like energy, food, fertilizer, utilities, commodities, consumer staples etc. So, the question comes to mind is whether tech stocks are out of favor? I feel that it’s a temporary phenomenon. They may be down but “not out” because of following reasons:
- Every company need to invest in technology to generate better top and bottom line. Information is power. But it does not mean that each and every tech stock will be a winner. Stock picking will be the KEY in this market condition.
- Today’s tech leaders may change tomorrow but technology sector will keep performing
- All favored stocks in the aforesaid sectors have gone up significantly too much, too fast, particularly energy, commodities, and I am apprehensive chasing those stock at their all-time high. I may prefer to buy/accumulate some of those hated stock/sector and wait with patience
- Sooner or later the hot sector money will be diverted towards tech stock, possibly in not so distant future. But nobody can say for sure when that will happen.
Stocks/Sectors to benefit/lose from Interest Rate Hike & Higher Inflation
I see the following sectors have future potential. Currently, below sectors may be sensitive to interest rate and could potentially have negative impact. However, these stocks have been decimated and highly likely to bounce as soon as the market turnarounds. As Warren Buffet says, “buy when there is blood on the street”. I guess we are almost reaching to that point.
- Semiconductor: Despite good earnings in last quarter chip sector have been hammered lately. This has really opened some good opportunity for long-term investors. In my view, many of these stocks should bounce back in the 2nd half of this year or early next year.
- Green Energy: Demand is very high for EV, but they are having top time due to chip shortage. But I am optimistic about Hydrogen more so after Russia and Ukraine war. Also, EU countries are planning to expedite increasing use of green energy due to their heavy dependency on Russian oil. This will also help EV infrastructure viz. Battery companies, Solar, Wind.
- Selective Technology stocks: Those companies with lot of cash, pricing power and who can deliver in this challenging environment. There are many good stocks which are beaten down heavily. It’s worth a look.
- Fertilizer & some food stocks: During this inflationary environment agriculture and fertilizer stocks should do well. Because of increased food prices and fertilizer is needed to produce crops.
- Energy: Energy oil and gas stocks may continue to move up, but these stocks are almost at their all-time high. So, I visualize some risks in the long-term. I see a moderate growth from here. I am very apprehensive chasing high flying stocks.
- Defense stocks: Visualizing Russia & Ukraine war most of the countries will have extra budget allocated for their defense spending Lockheed Martin, Raytheon, General Dynamics etc. (Boeing may still struggle).
- Consumer Staples & selective Healthcare stocks may do well if we get into recession. Companies like Costco, Coke, Pepsi, P&G, UNH, JNJ, LILLY, PFE etc.
Impacted Stocks
- Many of these stocks may get impacted because these sectors have been overloaded by investors. So, this trend may change because many of the good news seems to have been factored-in.
- Financials: The financial stocks came with reasonably good earnings, and they tend to do well during higher interest rate environment but in my view those are factored in the stock price. In fact, they have started coming down.
- Utility, Consumer Cyclical may get impacted because of higher interest rate
- Real Estate, Automobile: related stocks should be impacted by higher rates
- Commodities: These are good inflation hedge but have become too pricy. So, I will stay away.
- Companies with low cash and high debt: These companies will be heavily impacted because they need cash/loan/debt to operate their business and that may impact their earnings.
Revenue & Profit (2021, 2022, 2023) - updated 5/1/22.
Quarter | Earnings % | Revenue % |
Q1 | 48.3 | 9.5 |
Q2 | 88.5 | 21.8 |
Q3 | 39.3 | 13.9 |
Q4 | 26.9 | 15.6 |
FY21 | 49.2 | 15.4 |
Q122 (InProgress) | 4.7 | 10.7 |
Q222 (projected) | 5.4 | N.A |
Q322 (projected) | 9.2 | N.A |
Q422 (projected) | 11.6 | N.A |
FY22 (projected) | 8.6 | 9 |
FY23 (projected) | 9.9 | 8 |
N.A: Not Available
Sectorial Stock Market Performances (TOP 5 sectors for 2021)
Sector | YTD Performance in %age |
Energy | 35.40 (TOP) |
Consmer Staples | 0.73 |
Utilities | -0.50 |
Material | -6.26 |
Health Care | -7.63 |
Industrials | -10.10 |
Note: Technoloy (IT) sector is almost at the end of the list with -18.90%.
Please click below link to view complete sectorial performances:
Source: Fidelity.com
Now let me discuss this month’s inclusion to my Blog Portfolio.
Tesla, Inc. (TSLA)
Tesla designs, develops, manufactures, leases, and sells electric vehicles (EVs), energy generation and storage systems in the U.S, China, and internationally. The company operates in two segments, Automotive, Energy Generation and Storage. The automotive segment offers electric vehicles, as well as sells automotive regulatory credits. It provides sedans and sport utility vehicles through direct and used vehicle sales, a network of Tesla Superchargers, in-app upgrades; and purchase financing and leasing services. In 2008 Tesla Motors released its first car, the completely electric Roadster that achieved 245 miles (394 km) on a single charge, a range unprecedented for a production electric car.
EV Sales picks up substantial momentum
Recently, the International Energy Agency (IEA) released a report about car sales around the world and confirmed that EV market share jumped from 4.11% in 2020 to 8.57% in 2021. In U.S, Sales of new light-duty plug-in electric vehicles, including all-electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs), nearly doubled from 308,000 in 2020 to 608,000 in 2021, out of which 73% Sales were exclusively EVs. As far as EV sales are concerned, it grew by 85% in 2021.
Why do I like Tesla?
Tesla has been a household name in the electric car (EV) market dominating this segment and it should continue to dominate for foreseeable time. As far as EV is concerned, none of the other car companies are closer to it. Tesla picked up significant momentum after it released Model3 and Model Y. There are many EV manufacturers in the market, primarily Volkswagen, NIO, XPeng, Chevy Bolt and so on. In the coming days, there may be many more competition from the likes of Ford, GM, Lucid, Fisker, Rivian etc. But Tesla seems to be way ahead of the competition not only because of its sleek design, but its technological advancement like self-driving or autonomous driving features. In addition, Tesla has solid cash position, and it should be able to generate some premium as a market leader. Its self-driving software comes separately that cost $12000 which is expensive but that’s a huge competitive advantage. Though it says “Beta” version and there are still some improvements warranted but that’s the best thing of this car. Once we use this feature life becomes so easy, particularly when there is heavy traffic or driving on the freeway makes it extremely comfortable and the car takes care of 90% of the driving complexities. At this time, less than 1% of the 250 million cars, SUVs and light-duty trucks on the road in the United States are electric. Hence, EVs has astronomical future growth prospect and Tesla is the leader in this space. In next few years, internal combustion vehicle or diesel/gas cars will be the matter of past. It can be noted that, California will be ending sale of internal combustion vehicle starting 2030.
Tesla has finally begun Model Y deliveries from its plants near Berlin, Germany, and from its Austin plant at Texas. This is a very popular model costing about $60-70K which they want to ramp-up its production. That will give Tesla further competitive advantages. In addition, ongoing capacity increases to the Tesla Shanghai facility will further boost production. There also are reports that Tesla will build a second plant in China due to high demand. Based on the analysts estimate Tesla is expected to deliver 1.5 million EVs in 2022. However, this month China plant was shut down for a week or so due to Omicron virus which could potentially reduce some production.
Tesla has established as a leader in this space not only in U.S but across the World. Their superchargers are being ramped up faster than ever. Their solar/battery business is booming. Tesla has a network/ecosystem that will be an unstoppable monopoly. The company is always venturing into projects and ideas. This is a technology company that will dominate many different industries. Furthermore, it has almost $9 billion in cash that gives it further competitive advantage.
If iPhone changed the landscape for Apple, I believe EVs may change the landscape for Tesla. This company is going to be a dominant player in EV space, super charging, solar installation and solar storage. Thus, it’s not only an EV maker but also a green energy play. I will not be surprised to see Tesla being one of the top companies in terms of market capitalization in the next few years.
Elon Musk - a visionary CEO: There are few in the technology field who changed the landscape, Apple’s Steve Jobs, Microsoft’s Bill Gates, Amazon Jeff Bezos of their respective industry. Elon Musk has changed and will continue to change the EV industry, Space exploration and in future he may also change the communication industry. In February, Russian troops disrupted Ukraine’s internet as by hitting key infrastructure. Elon Musk’s immediately stepped in and turned its SpaceX internet service “Starlink” to Ukraine and restored back all internet connection. His personal traits may not be appreciated but he is great innovator and businessman. I see Tesla has a bright future for many years or decades and possibly dominate the industry for longtime.
Financials and EVs Delivery
In the last quarter (Q1 2022), Tesla beat analysts’ expectations on top and bottom lines. It reported revenue of 18.76 billion, up 81% from a year ago, while profit skyrocketed 700% in the last quarter.
Tesla reported that it earned a $3.3 billion profit in the first quarter of 2022, $3.22 a share handily beating analysts’ expectation of $2.26. Despite a difficult business environment viz. Chip shortage, supply chain constraint, increased metal prices, Tesla managed to deliver a record 310,000 cars last quarter, up from 308K the previous quarter. Tesla Model 3 and Model Y made up nearly all deliveries. The deliveries were up 70% from the year-ago quarter. It can be noted that all other manufacturer like GM and Toyota reported big sales declines due to parts shortages. Tesla’s production numbers are moving closer to being on par with traditional luxury carmakers like Mercedes, BMW and ahead of Volvo and Subaru combustion engine cars. Tesla has tremendous demand for its EVs and already increased price of its car a couple of times in last few months. The demand is so strong that company is only producing mostly Model Y and Model 3 car, a combined delivery of 295,324 in Q1. It delivered only 14,724 cars for model X and model S in Q1.
Bottlenecks: The Shanghai plant was shut down due to Covid restrictions since March 28, restarted last week. Hence, it’s anticipated that output will be low, and it may suffer some drop in Q2 production, not only because of Shanghai plant but supply shortages of key battery materials like lithium, cobalt, nickel and graphite. This shortage is across the industry. Now let’s see the fundamentals.
Fundamentals
Market Capitalization | $902.12B | Total Cash | $17.71B |
Trailing P/E | 118.15 | Total Debt | $8.98B |
Forward P/E | 72.99 | Book Value per share | $29.23 |
Price/Sales | 15.89 | 52 weeks high | 1243.49 |
Revenue | $53.82B | 52 weeks low | 546.98 |
Quarterly Revenue Growth (YOY) | 64.9% | 52 weeks change | 27.14% |
Gross Profit | $13.61B | Held by Institutions | 42.46% |
Net Profit | $5.52B | Held by insiders | 18.33% |
Quarterly Earnings Growth (YOY) | 759.60% | Float | 856.79M |
EPS | $4.90 |
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Possible Stock Split: Recently, Tesla declared plan to seek an increase in the number of authorized shares of common stock. If the company gets the green light, Tesla can pursue a stock split. Last time the companies had 5-for-1 stock split on Aug. 31, 2020, when the stock went up to around $2,200 and after the split it traded at around $450. Since then, the stock has gone more than doubled. At this time, it’s just an assumption that Tesla may split, but nothing has been confirmed. So, buying the stock thinking that it will split and again it gets doubled may not be a right notion. One should buy a stock based on fundamentals or company's long-term growth potential.
My View and Strategy
I had included Tesla in my blog in November 2013 and then removed it when its situation deteriorated around May 2019. Again, I added some shares before and after the split. In last couple of years Tesla stock has performed astoundingly well. With current emphasis on climate change and gas prices at all time high (around $6), EV cars will be hot cake for many years to come. Tesla has been a leader and will remain leader for years or decades to come. The way iPhone changed the mobile industry, Amazon changed the online retail space, Tesla has changed the EV industry. Tesla CEO Elon Musk is one of the great visionaries the World has seen. I am not speaking as a person, rather as a businessman. SpaceX is another revelation. As I said, Tesla stock has/had a phenomenal run in last couple of years and hence it’s not cheap. Currently the shares are trading at $870.76 with a market capitalization of $902 billion. Tesla stock had 52 weeks high of 1243.49, so currently it’s trading at a 30% discount. The stock is still not cheap by any metrics as it’s trading 73 times of forward earnings and 15.89 times of its sales. But there were certain stocks which were never cheap during their growth period. Some examples could be Amazon, Microsoft, Netflix etc. Tesla is at its prime time and now that the stock has come down, I do feel it to be a great long term investment. This stock can be accumulated and hold for many, many years to come. My usual strategy is to buy a in a phased manner when it comes down, take some profit when there is a good bounce, and hold remaining shares for long term. Having said that, I do not mind holding most of my Tesla shares for long-term.
Risks
Currently, the stock market and particularly the technology stocks are going through terrible time. Nasdaq is already in a bear market territory. So, when the stock market goes down, no stock gets spared irrespective of how wonderful a stock may be. Tesla is a highly volatile stock, so we can expect lots of moves on either direction depending on how the stock market behave. This is still an expensive stock so it’s not for everyone. This is a stock for those investors who are willing to take some risk and hold with patience for long term to get rewarded.
My final thoughts
Tesla has dominated the EV market and will continue to dominate the market for foreseeable future. And as the world transition to green energy its future look further brighter. It’s a great long term investment. Despite the challenging business environment, the company has come with exceptional revenue and profit. Elon Musk is a visionary, and I will not be surprised if comes out with other innovative products. Tesla stock is not for everybody. It’s for those investors who are looking for growth and have ability to take risk and hold with patience may be rewarded handsomely in the long run. And I am one of them. I can’t predict how much will be the reward or failure, but I am willing to be shareholder of this great company.
Shesa’s Blog Portfolio (As of MAY 20, 2022)
Equity | Suggested Price | Current Price | Suggested Date | % Change | My View |
STOCK (All prices are in USD) | |||||
12.9 | 157.65 | 1/25/13 | 1122% | HOLD - Buy on Dip | |
47 | 201.78 | 11/13/13 | 329% | HOLD | |
77.18 | 363.38 | 12/12/13 | 371% | HOLD | |
311.73 | 2485.63 | 4/12/14 | 697% | BUY - Long term | |
134.81 | 426.82 | 11/25/18 | 217% | HOLD | |
297.57 | 273.15 | 1/6/19 | -8% | SOLD last lot on 4/27 | |
12 | 12.20 | 3/22/20 | 2% | SOLD last lot on 5/25 | |
54.59 | 118 | 5/25/20 | 116% | HOLD - Trimmed | |
45.3 | 161.4 | 6/28/20 | 256% | Accumulate | |
14.39 | 1.77 | 2/14/21 | -88% | SOLD last lot on 4/25 | |
27.98 | 21.02 | 4/25/21 | -25% | Accumulate | |
5.39 | 1.85 | 7/18/21 | -66% | SOLD all Shares on 5/18. | |
8.11 | 5.86 | 8/27/21 | -28% | HOLD | |
51.49 | 20.87 | 10/10/21 | -59% | Accumulate | |
55.21 | 18.08 | 11/21/21 | -67% | HOLD - Trimmed | |
118.24 | 49.03 | 1/2/22 | -59% | HOLD | |
239.49 | 185.47 | 2/13/22 | -23% | Accumulate | |
18.44 | 12.94 | 3/20/22 | -30% | Accumulate | |
870.76 | 870.76 | 5/1/22 | 0% | NEW ADDITION | |
ETF | |||||
139.1 | 265.79 | 8/16/15 | 91% | HOLD | |
70.23 | 52.22 | 1/3/21 | -26% | HOLD | |
MUTUAL FUND | |||||
59.45 | 132.83 | 12/20/14 | 123% | HOLD | |
9.05 | 17.94 | 1/15/16 | 98% | HOLD | |
43.66 | 61.95 | 9/24/17 | 42% | HOLD | |
Positions CLOSED this year - 2022
Equity | Buy Price | Sold Price | Date Sold | Gain/Loss |
NFLX | 297.57 | 213.75 | 27-Apr | -8% |
SRNE | 14.39 | 1.77 | 25-Apr | -88% |
That’s all for today. Wish you great investing! Stay tuned for my next blog. Thanks for your time!
Disclaimer: This blog is meant to provide my opinion only. The information provided is to the best of my knowledge but may not be accurate. I do NOT provide any professional recommendation to buy/sell any stock, ETF, mutual fund, or any other security(s). As an investor, it’s your hard-earned money and you decide what is best for you. The above are merely my own opinions on what I do. Please contact a professional money manager to buy/sell any security. I do not charge any fees or commission by writing the blog except anything from Google AdSense. I have position(s) on whatever security I put on my blog portfolio and avoid including any security that I do not own or follow. Anybody buying or selling the equities mentioned here is their own risk.
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